The JPY crosses trade marginally lower on.....>

FOREX: The JPY crosses trade marginally lower on the back of the latest round of

combative U.S.-China trade rhetoric. JPY liquidity was diminished owing to the

Japanese market holiday that is being observed today. NZD has been the

underperformer, possibly linked to the U.S.-China trade headlines, elsewhere NZ

services PMI slowed, but remained in expansionary territory, with -ve revisions.

- EUR's cause wasn't aided by a RTRS sources piece released late Friday, which

noted that "a handful of ECB policymakers urged President Draghi to strike a

more cautious tone on the economy in this week's policy message but were

ultimately won over." EUR/USD last $1.1635, a few pips higher on the day.

- GBP was relatively immune to the latest round of Brexit headlines. The Times

reported that the EU is preparing to accept a frictionless Irish border, while

the FT has reported that EU's Barnier is looking at options to "de-dramatise"

the Irish border situation, this comes in front of an EU meeting later this week

(some press reports have suggested that this meeting will give Barnier a mandate

to get a deal done). GBP/USD last $1.3080.

- ECB's Vasiliauskas, Coeure & Praet & final EZ CPI data headline on Monday.